Our Awful Situation
Fed paints gloomy picture of economy
Um, ya think?
Federal Reserve Chairman Ben Bernanke painted a gloomy picture of the economy on Tuesday but hinted that the central bank was prepared to hold steady on interest rate cuts.
“For now, policy seems well positioned to promote moderate growth and price stability over time,” he said.
The Fed has already cut the key federal funds rate 7 times since September, to the current rate of 2%, down from 5.25% before the easing began.
Overall, however, he detailed myriad problems still facing the economy.
Comments
{ 
}
}
Search
Recent Posts
- Are feds stockpiling survival food?
- President Bush pardons himself against potential war crimes
- Terminator: Governor plans to slash state workers' pay
- World warned over killer flu pandemic
- Emerging Killer Virus Starts Like a Cold, But Kills Many
- Ex-cop may be charged in case of man Tasered to death
- THE RELIGIOUS RIGHT IS AWOL FROM THE REAL WAR
- What is the most biased new outlet in America?
- Russian military "considering stationing bombers on Cuba"
- Pope blesses U.N. flag, calls for "binding international rules"
- Quotes from the great depression
- Top 25 things vanishing from America: #1 -- The family farm
- Wachovia Has $8.9B Loss, Cuts 6,350 Jobs, Dividend
- How Goldman Sachs took over the world
- Economist: “America May Default On Its Debt”
- Sucker's Rally? Stock Gains Likely to Be Short-Lived
- What if my bank fails? Some questions and answers
- An Uncomfortable Conversation about Nukes
- Terrorist Watch List Hits One Million Names
- Local currency in Massachusetts considering removing dollar peg, backing with commodities
Sites of Interest
- Survival Blog
- Drudge Report
- Cryptogon
- Lew Rockwell Blog
- World Affairs Brief
- New World Order Truth
- Pat Buchanan Blog
- Glenn Greenwald Blog
- Ron Paul
Archives
- July 2008 (62)
- June 2008 (78)
- May 2008 (119)
- April 2008 (175)
- March 2008 (38)
Categories
- 2012 (1)
- 9/11 (11)
- Abuse (1)
- Afghanistan (11)
- Africa (1)
- Agriculture (7)
- Airport (2)
- Al Gore (6)
- Al Qaeda (1)
- Alan Greenspan (3)
- Anthrax (1)
- Associated Press (1)
- Attorney General (2)
- Banking (20)
- Bankruptcy (3)
- Barack Obama (4)
- BBC (2)
- Ben Bernanke (2)
- Bible (1)
- Bill Clinton (2)
- Biofuel (1)
- Black Ops (2)
- Blackwater USA (1)
- Blogging (1)
- Border (4)
- Budget (7)
- Calendar (1)
- Canada (3)
- China (21)
- Christianity (3)
- CIA (8)
- Civil Rights (10)
- College (1)
- Communism (1)
- Congress (10)
- Conspiracy (23)
- Constitution (7)
- Constitutional Rights (17)
- Corruption (16)
- CPS (3)
- Crazy Billionaires (1)
- Credit Crisis (2)
- Crime (2)
- Depression (8)
- Divorce (1)
- Documentaries (1)
- Dollar (11)
- Economic Depression (26)
- Economy (79)
- Election (6)
- Elitist Punks (7)
- Employment (3)
- Enemy Combatant (2)
- Energy (1)
- Environment (4)
- Espionage (2)
- European Union (2)
- Family (1)
- Famine (4)
- Fascism (5)
- Faux News (1)
- FBI (1)
- Federal Reserve (25)
- FHA (2)
- Fingerprint (1)
- FISA (3)
- FLDS (2)
- Food (15)
- Food Supply (27)
- Foreclosure (10)
- Foreign Policy (6)
- Founding Fathers (2)
- Fraud (3)
- Freedom (4)
- Gasoline (7)
- George Bush (16)
- Gitmo (3)
- Global Warming (20)
- Gold (3)
- Google (1)
- Government (13)
- Guantanamo (3)
- Guns (2)
- Health (6)
- Health Care (3)
- Hillary Clinton (6)
- History (3)
- Homeland Insecurity (7)
- Homosexuality (5)
- Hospital (2)
- Housing Crisis (25)
- HUD (3)
- Illegal Immigration (2)
- IMF (2)
- India (2)
- Inflation (11)
- Insurance (3)
- Internet (1)
- Intrusive Technology (4)
- Iran (32)
- Iraq (21)
- Israel (6)
- John McCain (17)
- Journalism (1)
- Last Days (4)
- Legislation (1)
- Marriage (3)
- Martial Law (2)
- Medicine (2)
- Mexico (5)
- Michael Mukasey (1)
- Middle East (6)
- Military (35)
- Missile Defense (1)
- Money (4)
- Mortgages (9)
- Natural disaster (1)
- Natural Disasters (6)
- Neocon (3)
- New York City (3)
- New York Times (4)
- News (1)
- North Korea (1)
- Nuclear (6)
- NWO (6)
- Obama (3)
- Oil (23)
- Olympics (4)
- OPEC (2)
- Our Awful Situation (10)
- Outbreak (2)
- Pakistan (1)
- Pandemic (3)
- Patriot Act (1)
- Pentagon (2)
- Piracy (1)
- Police (6)
- Police State (12)
- Polygamy (4)
- Population Control (1)
- Pork Barrel Spending (5)
- Poverty (3)
- Powers That Be (PTB) (5)
- Preparedness (4)
- President (4)
- Presidential Race (4)
- Prison (3)
- Privacy Rights (12)
- Propaganda (6)
- Prophecy (2)
- Putin (4)
- Rape (1)
- Real Estate (4)
- Real ID Act (1)
- Recession (10)
- Religion (10)
- Republican Party (1)
- Revolution (4)
- RFID (1)
- Rice (1)
- Ron Paul (4)
- Rothschilds (1)
- Rupert Murdoch (1)
- Russia (10)
- Same-sex Marriage (1)
- Science (1)
- Second Amendment (1)
- Security (6)
- Socialism (2)
- South Korea (1)
- Stock Market (11)
- Strikes (1)
- Suicide (1)
- Supreme Court (2)
- Surveillance (14)
- Survival (5)
- Terrorism (24)
- Tibet (2)
- Torture (4)
- Trade (3)
- TSA (1)
- UFO (1)
- UK (3)
- Uncategorized (9)
- Unemployment (3)
- United Nations (4)
- Venezuela (2)
- Voting (2)
- Wall Street (4)
- War (41)
- War on Drugs (4)
- Waterboarding (1)
- Weather (1)
- Welfare (1)
- WMD (1)
- Zimbabwe (4)
